Voya Investment Management LLC Has $5.49 Million Holdings in Nordson Corporation $NDSN

Voya Investment Management LLC lessened its stake in Nordson Corporation (NASDAQ:NDSN) by 12.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,232 shares of the industrial products company’s stock after selling 3,730 shares during the quarter. Voya Investment Management LLC’s holdings in Nordson were worth $5,493,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Nordson by 3.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,681,273 shares of the industrial products company’s stock valued at $540,867,000 after purchasing an additional 90,704 shares in the last quarter. Invesco Ltd. boosted its position in Nordson by 15.9% in the first quarter. Invesco Ltd. now owns 1,043,703 shares of the industrial products company’s stock worth $210,536,000 after purchasing an additional 142,991 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Nordson by 156.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,019,658 shares of the industrial products company’s stock worth $205,685,000 after purchasing an additional 621,734 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Nordson by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 470,997 shares of the industrial products company’s stock worth $95,010,000 after purchasing an additional 11,287 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Nordson by 3.9% in the first quarter. Raymond James Financial Inc. now owns 367,609 shares of the industrial products company’s stock worth $74,154,000 after purchasing an additional 13,926 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Nordson Price Performance

Nordson stock opened at $227.63 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.70 and a beta of 0.94. The business has a 50-day simple moving average of $219.59 and a 200 day simple moving average of $208.11. Nordson Corporation has a 52 week low of $165.03 and a 52 week high of $266.86.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, August 20th. The industrial products company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.63 by $0.10. The firm had revenue of $741.51 million for the quarter, compared to analyst estimates of $724.04 million. Nordson had a return on equity of 19.45% and a net margin of 16.34%.The company’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.41 EPS. Nordson has set its FY 2025 guidance at 10.100- EPS. On average, research analysts forecast that Nordson Corporation will post 10.2 earnings per share for the current fiscal year.

Nordson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, September 11th. This represents a $3.28 annualized dividend and a yield of 1.4%. This is a boost from Nordson’s previous quarterly dividend of $0.78. Nordson’s dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NDSN shares. Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Jefferies Financial Group restated a “hold” rating and issued a $240.00 target price on shares of Nordson in a research note on Thursday, August 21st. Wolfe Research initiated coverage on Nordson in a research note on Wednesday, June 18th. They issued a “peer perform” rating on the stock. Robert W. Baird boosted their price objective on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, KeyCorp boosted their price objective on Nordson from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $255.75.

Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.